Unless you explained to them upfront your plan your intentions when you purchase the house, they wont find an increase in their living a happy event. 

Kevin did a great job explaining why you shouldn’t bother. 

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

Jeff makes up repeated excuses and strange reasons as to why he can't/won't pay (i.e. family emergency, bank is rejecting wires, software/website is buggy, telling investors to go "f*ck their mother").I'm in a group with 30 other investors who were also scammed by him. 

The lesson here is never buy into a property that you cannot take your family to and continue to research the area if you are banking on the neighborhood to be improved.

Quote from @Lutfiya Mosley: Quote from @Mike Reynolds: @Tyler Deveraux I dont know the whole story, but coming on here and explaining your side goes a long way towards your credibility. 

Can someone explain something about the buy, borrow, die concept of avoiding income taxes? 

Does the bank let you get 2.5 months late on your mortgage payments?

Agree with most here...the longer it takes to explain a situation or a deal, the less likely I am to want to do it.